JSW ENERGY Q4 PROFIT RISES 22%, BOARD DECLARES DIVIDEND OF ₹2 AND OKAYS ₹10,000-CRORE FUNDRAISE

JSW Energy Ltd on Tuesday (May 7) reported a 22.5% year-on-year (YoY) jump in net profit at ₹345.3 crore for the fourth quarter that ended March 31, 2024.

In the corresponding quarter, JSW Energy posted a net profit of ₹282 crore, the company said in a regulatory filing. The company's revenue from operations increased 3.2% to ₹2,755.9 crore against ₹2,670 crore in the corresponding period of the preceding fiscal.

At the operating level, EBITDA jumped 56.8% to ₹1,168.5 crore in the fourth quarter of this fiscal over ₹745.3 crore in the corresponding period in the previous fiscal. EBITDA margin stood at 42.4% in the reporting quarter compared to 27.9% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.

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The board has approved the raising of funds not exceeding ₹10,000 crore in one or more tranches, through the issuance of eligible securities of the company by way of private offerings or on a preferential allotment basis or a qualified institutions placement or any other method or combination thereof as may be permitted under applicable laws.

Further, the board has recommended a dividend of ₹2 per equity share of ₹10 (20%) to the members of the company for declaration at the forthcoming 30th annual general meeting. The dividend recommended as above, if declared, shall be paid within 30 days from the date of the AGM.

The results came after the close of the market hours. Shares of JSW Energy Ltd ended at ₹583.85, down by ₹33.95, or 5.50%, on the BSE.

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2024-05-07T14:01:48Z dg43tfdfdgfd